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ANSWER ALL THE MULTIPLE QUESTIONS IN THE IMAGES TO HELP ME LEARN ection A (20 Marks) 1. The propensity of a manager to undertake calculated
ANSWER ALL THE MULTIPLE QUESTIONS IN THE IMAGES TO HELP ME LEARN
ection A (20 Marks) 1. The propensity of a manager to undertake calculated risk can be a source of competitive strength: a. False b. True 2. A successful implementation of decision making requires all of the following, except: a. A coercive abilities of a manager b. Dynamic capability of management C. Persuasive abilities of a manager d. Intellectual abilities of a manager 3. In making a decision a conservative decision maker focuses more on: a. Equal probabilities of risk b. The best of the best case c. The least bad alternative d. None of the above 4. A risk taker maker usually focuses more on:ection A (20 Marks) 1. The propensity of a manager to undertake calculated risk can be a source of competitive strength: a. False b. True 2. A successful implementation of decision making requires all of the following, except: a. A coercive abilities of a manager b. Dynamic capability of management C. Persuasive abilities of a manager d. Intellectual abilities of a manager 3. In making a decision a conservative decision maker focuses more on: a. Equal probabilities of risk b. The best of the best case c. The least bad alternative d. None of the above 4. A risk taker maker usually focuses more on:a. Best of the best'alternative b. Best of the worst C. Equal likelihood of hood of benefit or loss d. All of the above S. Predicting future trends without consideration to variance analysis is best described as: a. Budgeting b. Forecasting c. Monitoring d. Planning 6. Which of the following qualitative approaches may be used to make future predictions? a. Executive judgement b. Objective criticism c. Statistical data d. All of the above 7. Which of the following equations best describe a simple regression line where Y is the dependent variable and X is the independent variable? a. Y= B + CX b. X= B + YX c. X= Y + BX d. Y=X + CB 8. Traditional inventory control approaches include all of the following, except: a. Determination of the optimal order quantity to minimize cost b. Placing order after a fixed period of time c. Replenishment of inventory when inventory level reaches pre- determined safety level. d. All of the above 9. Which of the following factors is likely to affect the level of inventory to be kept? a. Economies of production b. Inventory turnover c. Period of operating cycle d. All of the above 10. All of the following are key assumptions of an economic order quantity model, except:" a. Fixed ordering cost b. Variation of demand c. Variation in lead time d. Variation in order quantity 1 1. Annual ordering cost may be expressed mathematically as: a. A product of the average inventory and the annual holding cost b. A ratio of the annual demand to the economic order quantity c. A ratio of the economic order quantity to annual demand d. None of the abovea. Best of the best'alternative b. Best of the worst C. Equal likelihood of hood of benefit or loss d. All of the above S. Predicting future trends without consideration to variance analysis is best described as: a. Budgeting b. Forecasting c. Monitoring d. Planning 6. Which of the following qualitative approaches may be used to make future predictions? a. Executive judgement b. Objective criticism c. Statistical data d. All of the above 7. Which of the following equations best describe a simple regression line where Y is the dependent variable and X is the independent variable? a. Y= B + CX b. X= B + YX c. X= Y + BX d. Y=X + CB 8. Traditional inventory control approaches include all of the following, except: a. Determination of the optimal order quantity to minimize cost b. Placing order after a fixed period of time c. Replenishment of inventory when inventory level reaches pre- determined safety level. d. All of the above 9. Which of the following factors is likely to affect the level of inventory to be kept? a. Economies of production b. Inventory turnover c. Period of operating cycle d. All of the above 10. All of the following are key assumptions of an economic order quantity model, except:" a. Fixed ordering cost b. Variation of demand c. Variation in lead time d. Variation in order quantity 1 1. Annual ordering cost may be expressed mathematically as: a. A product of the average inventory and the annual holding cost b. A ratio of the annual demand to the economic order quantity c. A ratio of the economic order quantity to annual demand d. None of the above12. Which of the following best defines queuing? a. Late arrival b. Ready to be served c. Waiting in line d. Waiting time 13. A key cause of queuing is: a. Inability to use ICT b. Late time of arrival c. Service time variations d. All of the above 14. Which of the following is an irrelevant information to model a queue? a. Arrival rate b. Number of servers c. Service rate d. All of the above 15. The types of queues include all of the following except? a. Multiple server, single- phase b. Single server, multi- phase c. Single server, single - phase d. None of the above 16. In modelling queuing, arrival rate is best expressed as: a. 1 + Arrival rate b. 1 + Arrival rate c. 1 x Arrival rate d. 1 + Service rate 17. In linear programming, decision variables are referred to as: a. The objective of making a decision b. The restrictions of the decision variables c. The variables that decide an outcome d. None of the above 18. In formulating linear programming, which of the following stage is key? a. Explaining the key concepts b. Financial capital c. Understanding programming d. Writing the objective function 19. The region in linear programming that explains what all values a model can take that provides the optimal solution is best described as: a. The best region b. The feasible region c. The optimal region d. The solution12. Which of the following best defines queuing? a. Late arrival b. Ready to be served c. Waiting in line d. Waiting time 13. A key cause of queuing is: a. Inability to use ICT b. Late time of arrival c. Service time variations d. All of the above 14. Which of the following is an irrelevant information to model a queue? a. Arrival rate b. Number of servers c. Service rate d. All of the above 15. The types of queues include all of the following except? a. Multiple server, single- phase b. Single server, multi- phase c. Single server, single - phase d. None of the above 16. In modelling queuing, arrival rate is best expressed as: a. 1 + Arrival rate b. 1 + Arrival rate c. 1 x Arrival rate d. 1 + Service rate 17. In linear programming, decision variables are referred to as: a. The objective of making a decision b. The restrictions of the decision variables c. The variables that decide an outcome d. None of the above 18. In formulating linear programming, which of the following stage is key? a. Explaining the key concepts b. Financial capital c. Understanding programming d. Writing the objective function 19. The region in linear programming that explains what all values a model can take that provides the optimal solution is best described as: a. The best region b. The feasible region c. The optimal region d. The solutionIndex Number .......................Programme Opuone 20. Explicitly stating the pon- negativity of a linear programming problem is key to ever linear programming: a. False b. TrueIndex Number .......................Programme Opuone 20. Explicitly stating the pon- negativity of a linear programming problem is key to ever linear programming: a. False b. TrueStep by Step Solution
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